Federal Tipoffs Involving New Hampshire Newsletter for Sunday November 13, 2022 ( 1 items ) |
Litigation: SEC Granted Summary Judgment Against New Hampshire Issuer of Crypto Asset Securities for Registration Violations
WASHINGTON, Nov. 8 -- The Securities and Exchange Commission issued the following litigation release (No. 1:21-cv-00260-PB; D.N.H. filed March 29, 2021) involving LBRY Inc.:
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On November 7, 2022, Judge Peter Barbadoro of the United States District Court for the District of New Hampshire granted the SEC's motion for summary judgment against LBRY, Inc., a New Hampshire software company that issued crypto asset securities called "LBRY Credits" or "LBC." The Court held that LBRY offered and s
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